Brand new MacBook Air m2 speakers are making cracking noise

Hi guys! I recently purchased a new MacBook Air M2 and out of the box itself its making cracking noises which is prominent on higher volumes.

When I checked for the specific speaker for the problem by moving the sound balance from left to right, it became evident that this cracking sound is coming from the left speaker.

What could be the problem? If this is a hardware issue, would this be covered under apple warranty?